524 29th St Buena Vista, VA 24416-1506

This exceptional investment opportunity features a brand-new, 10,000-square-foot Dollar Tree storefront in Buena Vista, Virginia. Built in 2024 and situated at 524 W 29th St (APN 15694), this single-story building boasts a 10-year net-net-net (NNN) lease with a Fortune 500 company, Dollar Tree (NYSE: DLTR), carrying an S&P investment-grade credit rating of BBB-. The lease includes four, five-year renewal options with a $0.50/SF rent increase in each option period. The tenant is responsible for all operating expenses, including taxes, insurance, HVAC, utilities, and parking lot maintenance; landlord responsibilities are limited to roof and structure. The property offers a strong 7.00% cap rate and a net operating income (NOI) of $150,300. Dollar Tree's established presence and significant expansion plans, adding 600+ stores annually, make this a secure and high-growth investment. The asking price is $2,147,000. This is a rare opportunity to acquire a newly constructed, corporate-guaranteed net lease property with a highly reputable tenant in a stable market. The projected opening is early fall 2024. This property presents a compelling investment opportunity with significant long-term potential.